- Primrose House, Primrose Street, Darwen
- 2,626 Sq ft
- Offers in excess of £300,000 are sought for the freehold interest
- Suite 6 Mead Court, Davyfield Road, Blackburn
- 500 Sq ft
- Offers in the region of £49,950 are sought
- Substantial Retail and Office Investment
- Prominent position in Burnley town centre
- High quality fully refurbished premises
- Potential income of £43,360 pa when fully let
- Asset management opportunities
- No VAT
Location
The property is situated on Hammerton Street in a prominent position in Burnley town centre, surrounded by a number of local retailers.
Burnley is an established market town, with a resident population of 90,000 persons and has easy access to the M65 motorway via junctions 9 and 10.
Description
The property comprises a parade of retail and office buildings that provide 3 self-contained ground floor retail units with separately accessed office suites, let to various tenants on the first and second floors.
The property is of stone built under slate roof.
The property has been maintained to a high standard during the period of ownership by the current client.
Parking is available in the surrounding streets.
Accommodation
The property provides the following floorspace:
| Retail Space | ||
| Number | Floor | Size |
| 41 | Ground | 412 sq.ft |
| 45a | Ground | 336 sq.ft |
| 45b | Ground | 485 sq.ft |
| Office Suites | ||
| 1 | First | 130 sq.ft |
| 2 | First | 165 sq.ft |
| 3 | First | 136 sq.ft |
| 4 | First | 140 sq.ft |
| 5-6 | Second | 311 sq.ft |
| 8 | Second | 156 sq.ft |
| 9a | Second | 158 sq.ft |
| 9b | Second | 162 sq.ft |
| 10 | Second | 350 sq.ft |
Price
Price Reduced to £425,000 (no VAT)
Tenure
Understood to be freehold
Rating
Each part of the property is assessed individually.
All the rateable values in the development are below the small business rate threshold of £12,000 and therefore eligible occupiers are able to claim full business rate relief.
EPC
An EPC is available on request
Planning
The property has planning consent for retail and office use. It is situated in the Burnley Town Centre Conservation area.
Services
It is understood that all mains services are available to the property. Gas is currently capped off.
Investment Details
The property currently generates an income of £36,120 pa, however with the letting of the vacant office space this would increase to £43,360 per annum. Anticipated running costs to include repairs, management etc. are approximately £4500 per annum. See pdf schedule on website.
Viewing
Strictly through agents
Taylor Weaver
(Neil Weaver)
01254 699030
[email protected]